China GDP meets expectations; industrial production, retail sales rise


China Q3 GDP: +7.8% Y/Y versus +7.8% expected; +2.2% Q/Q versus +1.9% expected.

China September industrial production: +10.2% versus +10.1% expected and 10.4% previous.

China September retail sales: +13.3% versus +13.5% expected and +13.4% previous.

China ETFs - Stocks: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP, HAO, ECNS. Bonds: DSUM, CHLC. Currency: CNY, CYB, FXCH

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Comments (9)
  • Klaus Müller
    , contributor
    Comments (7) | Send Message
     
    Good numbers overall. China should grow next year around 7%.
    17 Oct 2013, 10:36 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1911) | Send Message
     
    Who trusts any of these #'s?
    17 Oct 2013, 11:17 PM Reply Like
  • sethmcs
    , contributor
    Comments (3565) | Send Message
     
    The machines that determine stock prices do. In the end that is all that matters in the short term.
    18 Oct 2013, 01:02 AM Reply Like
  • Stan Ackman
    , contributor
    Comments (1927) | Send Message
     
    True. China's numbers are not reliable. But the numbers can be unreliable both way. From my sources, many private data show very strong rebound. So, very likely, the Q3 GDP growth is more than 7.8%. At the same time, the Q2 GDP growth is surely below 7%.
    18 Oct 2013, 10:23 AM Reply Like
  • Patent News
    , contributor
    Comments (1475) | Send Message
     
    is any number from china believable at all?

     

    who knows.
    18 Oct 2013, 01:34 AM Reply Like
  • buyandhold???
    , contributor
    Comments (907) | Send Message
     
    but but but i thought our economists say china isnt growing and the US is where all the growth is???
    18 Oct 2013, 03:14 AM Reply Like
  • sa_member_756157
    , contributor
    Comments (1364) | Send Message
     
    BBC is reporting on the Chinese businesses that report inflated numbers by as much as 50%. China admitted the problem and that is a big story of the day. Hope Seeking Alpha reports.
    18 Oct 2013, 08:42 AM Reply Like
  • june1234
    , contributor
    Comments (4412) | Send Message
     
    If you knock off 1/3 off any official Chinese data you're probably a lot closer to the real number. Hard to tell over there. My fav was the $600M in fictitious CAT revenue one quarter and the 94% jump in exports to Hong Kong Chinese exporters reported for one month.
    18 Oct 2013, 08:51 AM Reply Like
  • fourchan
    , contributor
    Comments (82) | Send Message
     
    of course it did.
    18 Oct 2013, 10:17 AM Reply Like
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